【$SIREN Signal】Short squeeze continues, pullbacks are opportunities

$SIREN 1H timeframe is in high-level consolidation after an epic rally, 4H just completed a violent breakout through all previous resistance levels. The current price is sideways around 0.213, with 1H RSI at 84.47, indicating short-term overbought conditions but no divergence at the top, a typical sign of a strong short squeeze. Key data: negative funding rate -0.1461% + open interest stable at a high of 54 million, a clear signal that the bears are being continuously squeezed, with the price holding firm and the main force clearly protecting the market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.208 - 0.210 (Reason: 1H EMA20 dynamic support zone + previous 1H candle low )

🛑Stop loss: 0.195 (Reason: Break below the start of the 4H bullish candle at 0.196, invalidating the short squeeze logic )

🚀Target 1: 0.235 (Reason: Previous high resistance zone, also the 0.618 Fibonacci extension of the 1H rally )

🚀Target 2: 0.250 (Reason: Psychological round number, also the 1.0 Fibonacci extension of the 4H rally )

🛡️Trade management:

- Position size suggestion: Light position (Reason: Daily gains have exceeded 50%, volatility is high, prioritize risk management )

- Execution strategy: Use staggered take profits. After reaching Target 1, close 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.210. If the price strongly breaks above 0.235 and stabilizes, hold the remaining position towards 0.250.

Deep logic: This is a textbook short squeeze scenario. A massive 4H bullish candle (volume 819M) directly breaks through all resistance, signaling a trend reversal. Despite the 1H RSI being severely overbought, in a negative funding rate environment, the fuel for short covering remains. Order book data shows sell orders (asks) clustered around 0.2128-0.2129, but buy orders (bids) are also substantial around 0.2125-0.2127, with fierce battle between bulls and bears. As long as the price does not fall below the key support at 0.196, the short squeeze logic remains valid, and any healthy pullback is an entry opportunity.

View real-time market 👇 $SIREN

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